PM: Cambodia needs $11 bln for public investment in 5 years

GMT 15:36 2014 Thursday ,18 September

Arab Today, arab today PM: Cambodia needs $11 bln for public investment in 5 years

Cambodian PM Hun Sen
Phnom Penh - XINHUA

Cambodian Prime Minister Hun Sen said Thursday that the country needs about 11 billion U.S. dollars for public investment to support the implementation of the government's priorities from 2013 to 2018.
"This resource requirement aims to promote economic development and diversification, poverty reduction as well as disaster management," he said during the launching ceremony of the five- year National Strategic Development Plan.
The ceremony was attended by around 200 people consisting of government officials, economists, researchers, and representatives of private companies, civil society and development partners.
The prime minister said the National Strategic Development Plan would bring about more fruitful outcome to socio-economic development because of lesson learnt and experiences accumulated from the implementation of previous plans.
"This comprehensive plan attests to the firm commitment of the Royal Government of Cambodia to achieving the vision of the political platform in response to people trust and confidence no matter how big the additional burden is," he said.
"However, I am of the view that the successful implementation of the plan requires the collective effort and high responsibility of relevant ministries and organizations to achieve national priorities, address challenges and grab available opportunity."
Hun Sen said the plan will continue to support and accelerate the implementation of political platform of the government, in particular, the Rectangular Strategy Phase III for growth, employment, equity and effectiveness.
"Moreover, this plan will also back the vigilant implementation of the public finance and monetary policy to ensure consistency in managing a stable and favorable macro-economic condition to promote development in all sectors," he added.

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